Kitty Hawk (AMEX:KHK)
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From Aug 2019 to Aug 2024
Kitty Hawk, Inc. (AMEX:KHK) announced today that it has
formed a new wholly owned subsidiary, Kitty Hawk Ground, Inc., to
manage its growing scheduled LTL ground network. Kitty Hawk Ground,
Inc. has hired Gary Jensen, age 52, as its new Vice President and
Chief Operating Officer, reporting to Robert W. Zoller, President and
CEO.
"The successful launch and initial growth of Kitty Hawk's
nationwide airport-to-airport scheduled LTL ground network has been a
significant accomplishment and a strategic milestone for our company,"
said Robert W. Zoller, President and CEO. "In just a few months,
utilizing shared leadership, sales and operation team resources from
Kitty Hawk's North American air network Toby Skaar, VP and COO --
Kitty Hawk Cargo, Inc., and his staff have created an entirely new,
but complimentary service offering for Kitty Hawk's domestic and
international customers. With the expectation for increased growth we
feel it is now an appropriate time to transition toward a corporate
structure reflecting the significance of the LTL ground network."
"Leading the new company will be Gary Jensen as Vice President and
COO. Gary joins Kitty Hawk with a wealth of experience operating
ground freight and logistics networks and possesses a unique
background that encompasses not only operations, but also sales and
marketing experience. We are excited to have someone of Gary's caliber
to further enhance Kitty Hawk's growing ground network," said Robert
W. Zoller, president and chief executive officer.
Immediately prior to joining Kitty Hawk, Jensen served as Vice
President Operations for current YellowRoadway subsidiary USF Bestway
in Phoenix, Arizona and USF Red Star in Auburn, New York with
leadership responsibilities in each position for approximately 2000
staff, operations, claims, industrial engineering, maintenance,
safety, risk and process management. Prior to joining USF, Jensen
served as General Manager for Logistics Insights Corporation, a
transportation and logistics company serving the automotive
manufacturing industry from Warren, Michigan, as well as eleven years
and numerous increasing division, sales and operations management
responsibilities with Consolidated Freightways.
About Kitty Hawk, Inc. www.kittyhawkcompanies.com
As a recognized leader in customer service, Kitty Hawk is the
premier provider of guaranteed, mission-critical, scheduled overnight
air and beginning October 31, 2005, of scheduled time-definite
coast-to-coast less-than-truckload (LTL) ground freight transportation
to major business centers and surrounding communities throughout North
America, including, Alaska, Hawaii, Toronto, Canada, and San Juan,
Puerto Rico.
With more than 30 years experience in the aviation and air freight
industries, Kitty Hawk plays a key connecting role in the global
supply chain. Kitty Hawk serves the logistics needs of more than 550
freight forwarders, integrated carriers, logistics companies and major
airlines with its extensive integrated air and ground network, fleet
of Boeing 737-300SF and 727 cargo aircraft, as well as a
239,000-square-foot cargo warehouse, U.S. Customs clearance and sort
facility at its Fort Wayne, Indiana hub. In 2005, Kitty Hawk became
the North American launch customer for the fuel-efficient and
environmentally-friendly Boeing 737-300SF aircraft. Kitty Hawk's air
and ground cargo networks and award-winning, guaranteed overnight
time-definite service are ideal for heavy-weight shipments (over 150
lbs), special goods with unique dimensions, perishables, animals and
other valuable shipments.
Statement under the Private Securities Litigation Reform Act:
This report may contain forward-looking statements that are
intended to be subject to the safe harbor protection provided by
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements relate to future
events or future financial and operating performance and involve known
and unknown risks and uncertainties that may cause actual results or
performance to be materially different from those indicated by any
forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as "forecast," "may,"
"will," "could," "should," "expect," "intends," "plan," "believe,"
"potential" or other similar words indicating future events or
contingencies. Some of the things that could cause actual results to
differ from expectations are: economic conditions; the impact of high
fuel prices; our inability to successfully implement and operate our
expanded ground network; failure of key suppliers and vendors to
perform; our inability to attract sufficient customers at economical
prices for our expanded ground network; unforeseen increases in
liquidity and working capital requirements related to our expanded
ground network; potential competitive responses from other operators
of coast-to-coast less than truckload networks; the continued impact
of terrorist attacks, global instability and potential U.S. military
involvement; the Company's significant lease obligations and
indebtedness; the competitive environment and other trends in the
Company's industry; changes in laws and regulations; changes in the
Company's operating costs including fuel; changes in the Company's
business plans; interest rates and the availability of financing;
liability and other claims asserted against the Company; labor
disputes; the Company's ability to attract and retain qualified
personnel; inflation; and costs. For a discussion of these and other
risk factors, see Item 7 of the Company's Annual Report on Form 10-K
for the year ended December 31, 2005. All of the forward-looking
statements are qualified in their entirety by reference to the risk
factors discussed therein. These risk factors may not be exhaustive.
The Company operates in a continually changing business environment,
and new risk factors emerge from time to time. Management cannot
predict such new risk factors, nor can it assess the impact, if any,
of such new risk factors on the Company's business or events described
in any forward-looking statements. The Company disclaims any
obligation to publicly update or revise any forward-looking statements
after the date of this report to conform them to actual results.